Global Fraud Risk Management Services Market 2018-2022

Overview of the global fraud risk management services market

The need for improved accuracy in detection is increasing due to false positive results obtained from detection tools that are developed by several vendors. This is encouraging vendors to develop risk management tools that aid enterprises in using calibration and real-time simulation features. This in turn, helps them to improve the detection and search accuracy at lower costs. For instance, SAP has introduced SAP business integrity screening, which not only drives down the cost and fraud detection efforts but also aid enterprises in reducing their workload. The reduction in the overall operational cost is encouraging enterprises to adopt fraud risk management services. Technavio’s market research report identifies the growing demand for better detection accuracy at lower costs to be one of the primary growth drivers for the global fraud risk management services market till 2022. Technavio’s market research analysts predict that the market will grow at a CAGR of more than 18% by 2022.

Analytical tools and techniques are gaining popularity in the detection of fraud by executing it in real time and in a dynamic framework. This help enterprises in decisional and operational transparency and tackling the large-scale incidence of frauds. For instance, the application of analytics to test every transaction help enterprises in monitoring the internal control. As a result, the use of analytics in detecting frauds is identified as one of the key trends that will gain traction in the fraud risk management services market in the forthcoming years.

Companies covered

The fraud risk management services market appears to be fragmented due to the presence of several players. This industry research report offers information about the competitive environment among companies in this marketspace and offers an analysis of key companies and their products. Additionally, our analysts also offer information about key areas the players currently focus on and strategies they follow to sustain the competition.

This research report provides an analysis of various companies in the fraud risk management solution market including

• BAE Systems
• IBM
• SAP
• SAS Institute
• Symantec

Segmentation by geography and analysis of the fraud risk management services market

• Americas
• APAC
• EMEA

The Americas contributed the majority of share toward the fraud risk management services market during 2017 due to the adoption of fraud management services and risk management solutions by many SMEs and large enterprises during the early stages of their introduction. The adoption rates and market share of the Americas are expected to decline during the estimated period due to market saturation. However, the region will continue to lead the fraud risk management solution market in terms of shares for the next four years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global fraud risk management services market?
• What are the key market trends impacting the growth of the global fraud risk management services market?
• What are the challenges to market growth?
• Who are the key vendors in the global fraud risk management services market?
• What are the market opportunities and threats faced by the vendors in the global fraud risk management services market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global fraud risk management services market?

Technavio also offers customization on reports based on specific client requirement.